Litecoin [LTC] bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC’s latest lows suggest that it is closer to the bottom than expected.
LTC achieved a new 2022 low on 14 June after bottoming out at $40.32. Its historic performance reveals that the latest price low acted as a structural level in 2020. LTC hovered near the same price level in the second half of 2020 before embarking on a rally in October of the…
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